Another N.Y. Times Op Ed

Again, I’d like to draw your attention to a piece in the NY Times.  I’m not sure why the media and bloggers seem to get it and the policy makers don’t. I guess history will show who had clear vision and who had their head in the sand or elsewhere.

And to further illustrate the point and provide a VERY clear picture of what is very likely coming at us here is a snippet from a story in today’s NY Times on what austerity measures have done to Ireland.

Nearly two years ago, an economic collapse forced Ireland to cut public spending and raise taxes, the type of austerity measures that financial markets are now pressing on most advanced industrial nations.

Rather than being rewarded for its actions, though, Ireland is being penalized. Its downturn has certainly been sharper than if the government had spent more to keep people working. Lacking stimulus money, the Irish economy shrank 7.1 percent last year and remains in recession.

Joblessness in this country of 4.5 million is above 13 percent, and the ranks of the long-term unemployed — those out of work for a year or more — have more than doubled, to 5.3 percent.

I would think that a look at Ireland would at least cause people to wonder if cutting spending at the very beginning of a fragile (and uneven) recovery is the right thing to do.

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7 Responses to Another N.Y. Times Op Ed

  1. averagejane says:

    AverageJoe, you left out an important statement in your comment:

    “Let them eat cake.”

    How very smug of you to to make such callous, off the cuff comments from the safety of (I’m sure) your job, home, car, etc. THERE ARE NO JOBS! Get it? If there were, I’d have one.

    Maybe we should round up all unemployed people, put them in big sports stadiums, and then just set up showers….?

    What is it you expect us to do, Joe? Really.

    You don’t have a clue.

  2. averagejoe says:

    Unfortunately, it is unwise to quote the NY Times. It would be more prudent to follow the events of the G20 meeting going on in Toronto, Canada instead (minus the rioting). ALL global leaders (India, Japan, Great Britian, Canada, France, Germany etc. etc.) have come to the same conclusions that their countries will go bankrupt if they continue to dole out benefits. They have raised their retirement age requirements, have put a cap on pensions, unemployment and are reeling in other government hand-out programs.

    ALL of the other countries have come to this conclusion after years of socialism. ALL, that is except Obama and the NY Times. The latter 2 want to forge ahead into socialism while the other countries who have embraced socialistic practices are financially broke and are coming back into the conservatism fold.

    Go figure.

    Congress, thank goodness, has finally come to their senses. As other states in America have, as more and more of them face financial destruction from overspending, over compensating and over handing out benefits, food stamps, medical coverages, UI, disabilty and other government programs.

    You can complain all you want and show us all the NY Times articles you want but the facts are raw and they are real. Governments can not sustain handouts forever. The US would have spent their money much more wisely in providing jobs to their citizens rather than handouts. USA is in $18 trillion dollars of debt and mounting. ALL the other G20 members have informed Obama that his way is the wrong way. No more incurring debt only to hand it out. Expect to see drastic cuts to benefit programs and you would do best to prepare for the oncoming slaughter, rather then rant and vent.

    It has nothing to do with who’s rich or poor, wealthy or otherwise.

    It’s called: Real time accountability.

    99 weeks of UI benefits was insane!

    • boxcarkids says:

      Yes, we need jobs! Unfortunately the private sector only added 13,000 jobs in the month of June (down from 57,000 in May), while the initial unemployment claims for the week of June 26 were at a seasonally adjusted 472,000 – up 13,000 from the previous week! Doesn’t seem like the private sector is making much headway in creating jobs. Of the 440,000 jobs created in May 411,000 of them were temporary Census jobs created by the government.

  3. Barbara says:

    Pretty frightening.
    “I guess history will show who had clear vision and who had their head in the sand or elsewhere.” Glad you are keeping your sense of humor!

  4. Ted says:

    Policy Makers need to get re-elected.

    They get re-elected by people with money. Lots of money. Gotta keep the ‘constituents that have money and vote for me’ happy.

    I am curious to see if the unemployed have a much higher voting percentage than in the past. But my guess is hopelessness usually leads to a lower voter turnout.

    • boxcarkids says:

      I agree. It can be difficult to even register to vote if you don’t have an address, and then there’s receiving election materials, and keeping up on the issues when your issue is finding a safe place to sleep each night and food for your kids.

  5. Sara A says:

    I am sad to say that I think policy makers “get it” – they just don’t care. Our representational government only represents those with cash. They don’t care about the homeless and jobless who don’t have the money to back up their interests.

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